Forklift rental : why should you rent your forklift?
on Wednesday, May 10, 2023 at 15:21
You would like to increase your productivity and speed up your operations? You are thinking about using a forklift to help you in your daily activities? Used for many warehouse operations and other purposes, the forklift is becoming more and more essential for companies. But should you rent it or buy it?
If you might not have considered the option of renting a forklift, this could actually be more cost effective than buying a forklift and it would allow you to save a lot of money. Through this article, discover all the reasons why forklift rental could be the best solution for your company.
Save money and keep a clean credit line
A forklift can be a pretty big investment for a company as it is an expensive purchase. This is why considering forklift rental can help you to save a lot of money! In fact, renting a forklift is significantly cheaper than acquiring a new engine. This gives you the opportunity to invest in other opportunities for your business, focus on other operations and make greater profit. Indeed, saving money will allow you to keep your credit line clean and you will be able to finance for other investments.
Besides, buying a forklift is necessary only if you know that you will use it everyday and all year long. But if you don’t have an ongoing or continual need for a forklift and that you think you will use it for temporary or occasional work, then forklift rental is a more appropriate and cost-effective solution. In fact, with renting you don’t pay 100% for an asset that you won’t use to its full potential and you only pay for what you use.
Equipment maintenance included
When renting a forklift, you are free of having to to pay for any maintenance costs. Indeed, most rental companies take care of equipment maintenance. This will keep you away from unpleasant surprises! You would not have to deal with breakdowns or equipment malfunctions as the rental company would be in charge of this.
Therefore, you can be sure to rent a forklift that is fully operational and if the engine breaks down, it will immediately be replaced with another one by the rental company. Maintenance costs can be expensive when owning your forklift. In contrast, rented forklifts don’t include additional costs for you as it is included in the service provided by the rental company.
Test and find the forklift that fits your needs
Forklift rental gives you the possibility to test different models and find the one that suits your company's needs. When you decide to buy a forklift, you are taking the risk of buying
equipment that might not meet your requirements and that might not help you as you thought it will. When renting a forklift, if the model you rented doesn’t meet your expectations you can simply return it and rent a new one. This option also allows you to benefit from the performance of the different new models.
Besides, if your company’s operations change and that your current forklift doesn’t meet your needs anymore, you can simply decide to return it and get a new one that will be more appropriate.Thus, you won’t get stuck with an engine you no longer need. Also, if you have different types of activities that require different types of forklift, the renting option will allow you to rent different models, each one having specific characteristics.
100% tax deductible payments.
As the forklift is not owned by your company, rental payments are considered as an operating expense. Therefore, these payments are 100% deductible as a business expense. If you are a long-term customer you might also get preferred rates.
No storage needed.
As your company doesn’t own the equipment, you don’t have to worry about where to store it. As you only rent your equipment for a short time and that you will return it to the rental company, you won’t have to deal with space issues.
Short or long term contracts.
Depending on your needs, if you have short or long term projects, you can decide for how long you want to rent your forklift. Thus, you can decide to rent it for a week, a season or for two years.
Choice among a large selection.
Forklifts are available in a wide variety of models, each one having different features and serving different types of activities. This ensures you to get a model that perfectly meets your needs.
Still not convinced? Would you like to learn more about forklift rental or other options available? Don’t hesitate to get in touch with one of our specialist. We will listen to your needs and give you the best recommandations to find the perfect forklift. You can contact us at this number : (450) 600-2295.